Assumed Award definition

Assumed Award means a restricted stock grant, restricted stock unit or other equity-based arrangement that was granted by Old Fluor to one of its non-employee directors for his or her service as such and which is assumed by the Company in connection with the Distribution, as such award has been adjusted or amended pursuant to the terms thereof.
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Assumed Award means an Assumed PRSU, Assumed RSU or Assumed Option.
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Assumed Award has the meaning set forth in Section 3.07(c).
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Examples of Assumed Award in a sentence

  • Shares issued under the Plan (including an Assumed Award) and later forfeited to the Company due to the failure to vest or repurchased by the Company at the original purchase price paid to the Company for the Shares (including, without limitation, upon forfeiture to or repurchase by the Company in connection with the termination of a Participant’s Continuous Service Status) shall again be available for future grant under the Plan.

  • If an Award (including an Assumed Award) should expire, terminate, be forfeited or cancelled or become unexercisable for any reason without having been exercised in full, or is surrendered pursuant to Section 14, the unissued Shares that were subject thereto shall, unless the Plan shall have been terminated, continue to be available under the Plan for issuance pursuant to future Awards.

  • At the Effective Time, each award of BTX restricted stock was converted to an award of restricted Issuer common stock (the "Assumed Award") equal to the product of (i) the number of shares of BTX restricted stock and (ii) the Exchange Ratio.

  • Each Assumed Award will continue to be subject to the terms and conditions set forth in the applicable BTX restricted stock agreement.

  • In the event that an Outstanding Stock Award is not assumed, substituted or otherwise continued in connection with a Change in Control and as a result does not become an Assumed Award, the vesting and exercisability of such Outstanding Stock Award will become 100% vested and exercisable (if applicable) immediately prior to the effective time of the Change in Control.

  • The Assumed Award vests as to 1/4th of the shares subject to the Assumed Award on October 22, 2019 and the remaining shares vest in 36 equal monthly installments thereafter, provided the Reporting Person continues to have a service relationship with Issuer on each vesting date.

  • The Assumed Award vested as follows: (i) 50% of the shares subject to the Assumed Award vested in 24 equal monthly installments after December 1, 2017 and (ii) 50% of the shares subject to the Assumed Award vested in 12 equal monthly installments after December 1, 2019, provided the Reporting Person continued to have a service relationship with Issuer on each vesting date.

  • Represents 354,337 shares of Common Stock issuable upon settlement of outstanding restricted stock units under the 2022 Ligand Assumed Award Plan.

  • One retailer appears to be considering including the HAN chip with its initial implementation in order to future proof itself so as to be able to subsequently offer an IHD at relatively low cost.From a meter provider’s perspective, they may be even more incentivised to roll-out their meter with a HAN chip already included as it lowers the risk of their meter being switched out by a subsequent retailer who wins the customer and wants to offer services requiring a HAN chip.

  • Each Assumed Award that is a stock option will remain exercisable by a Participant until the earlier of (i) six (6) months after the Participant’s Change in Control Termination date; and (ii) the expiration date of the stock option as stated in the applicable stock option agreement.


More Definitions of Assumed Award

Assumed Award means any award granted under the AIG Omnibus Incentive Plan or the AIG 2013 Omnibus Incentive Plan, as amended from time to time, which award is assumed by Corebridge and converted into an Award pursuant to the terms of the Employee Matters Agreement between Corebridge and AIG.
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Assumed Award means an Original Award (and any Original Dividend Equivalent Payments related thereto) held by an Employee immediately prior to the Effective Time, which has not lapsed or otherwise ceased to be capable of settlement under the rules of the Original Plan and which the Company has assumed and converted under the terms of this Plan on the Adoption Date into an award over Shares, as contemplated under the provisions of the Employee Matters Agreement (and, without limitation, subject to the related automatic adjustments to the underlying number of shares and the exercise price, if applicable). As of the Effective Time: (i) each Assumed Award that relates to an Original Award shall be over such number of MF Shares as is determined in accordance with Section 5.2(b) of the Employee Matters Agreement and by applying the following formula: A x B, where ‘A’ is the number of shares of HPE common stock subject to the Original Award immediately prior to its assumption and conversion under this Plan and ‘B’ is the Adjustment Ratio, with the product rounded down to the nearest whole number of MF Shares; and (ii) each Assumed Award that relates to an Original Dividend Equivalent Payment shall be over such number of MF Shares as is determined in accordance with Section 5.2(c) of the Employee Matters Agreement and by applying the following formula: A x B, where ‘A’ is the number of shares of HPE common stock subject to the Original Dividend Equivalent Payment immediately prior to its assumption and conversion under this Plan and ‘B’ is the Adjustment Ratio, with the product rounded to four decimal places. For avoidance of doubt, each Assumed Award shall be governed by the provisions of the Award Agreement evidencing the assumption of such Assumed Award, which reflects the terms of the original HPE award agreement applicable to the Original Award and any Original Dividend Equivalent Payments to which such Assumed Award relates, except as modified under this Plan and the Award Agreement evidencing the assumption of the Assumed Award to conform to the requirements of the Act and to permit the issuance of MF Shares to Employees in satisfaction of Awards from and following the Effective Time.
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Assumed Award means an Award that was granted under the Plan prior to its assumption by the Company in connection with the Reorganization.
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Assumed Award means a restricted stock grant,
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Assumed Award. Section 2.3(a) "Certificate of Merger" Section 1.3 "Certificates" Section 2.2(b) "Closing" Section 1.2 "Closing Date" Section 1.2 "Code" Recitals "Company" First Paragraph "Company Benefit Plans" Section 3.1(l) "Company Common Stock" Section 2.1(a) "Company Expenses" Section 7.7(c) "Company Property" Section 3.1(p) "Company Reports" Section 3.1(g) "Company Rights" Section 3.1(d) "Company Shareholder Approval" Section 3.1(h) "Company Stock Option" Section 2.3(a) "Company Stock Plans" Section 3.1(d) "Consents" Section 4.3 "Consent Solicitation Statement" Section 4.10 "Contract" or "Contracts" Section 3.1(f) "Current Policies" Section 4.7 "Effective Time" Section 1.3 "Employment Agreements" Section 3.1(l) "Encumbrances" Section 3.1(e) "ERISA" Section 3.1(l) "excess parachute payment" Section 3.1(l) "Excess Shares Trust" Section 2.2(e)
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Assumed Award. Section 2.3(a) "Certificate of Merger" Section 1.3 "Certificates" Section 2.2(b) "Closing" Section 1.2 "Closing Date" Section 1.2 "Code" Recitals "Company" First Paragraph "Company Benefit Plans" Section 3.1(l) DEFINED TERM SECTION REFERENCE
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Related to Assumed Award

  • Restricted Award means any Award granted pursuant to Section 7.2(a).

  • Company RSU Award means any award of restricted stock units or performance stock units outstanding under the Company Stock Plans.

  • Cash-Based Award means an Award entitling the recipient to receive a cash-denominated payment.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • share-based award means an award under an equity incentive plan of equity-based instruments that do not have option-like features, including, for greater certainty, common shares, restricted shares, restricted share units, deferred share units, phantom shares, phantom share units, common share equivalent units, and stock.

  • Plan Share Award or "Award" means a right granted to a Participant under this Plan to earn or to receive Plan Shares.

  • Phantom Stock Award means an Award granted under Paragraph X of the Plan.

  • the award , except in sub-paragraph (2), means—

  • Bonus Stock Award means an award of Bonus Stock under this Plan.

  • PSUs means the outstanding performance share units governed by the performance share unit plan of the Company dated December 16, 2013, as amended from time to time;

  • Other Share-Based Award means a right, granted under Section 5(h), that relates to or is valued by reference to Shares.

  • Deferred Stock Award means Awards granted pursuant to Section 8.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • RSU Award or “RSU” means an Award of restricted stock units representing the right to receive an issuance of shares of Common Stock which is granted pursuant to the terms and conditions of Section 5(a).

  • Equity Award means stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares or any other form of award that is measured with reference to the Stock.

  • Prior Plan Award means an award outstanding under the Prior Plan as of the Effective Date.

  • Company RSUs means any restricted stock units granted under any of the Company Equity Plans.

  • Phantom Stock Award Agreement means a written agreement between the Company and a Holder with respect to a Phantom Stock Award.

  • Share Award means an Award of Shares granted pursuant to Section 10.

  • Restricted Share Unit Award means a right to receive Ordinary Shares which is granted pursuant to the terms and conditions of Section 6(b).

  • Employee Award means the grant of any Option, SAR, Stock Award, Cash Award or Performance Award, whether granted singly, in combination or in tandem, to a Participant who is an Employee pursuant to such applicable terms, conditions and limitations as the Committee may establish in order to fulfill the objectives of the Plan.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Company SAR means any stock appreciation right linked to the price of Company Common Stock and granted under any Company Stock Plan.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • LTIP Award means each or any, as the context requires, LTIP Award issued under any Equity Incentive Plan.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).